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dc.contributor.authorGatti, Donatellaen_US
dc.date.accessioned2009-01-28T16:22:27Z-
dc.date.available2009-01-28T16:22:27Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/21443-
dc.description.abstractThis paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms? market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve employment through public consumption. As competition crowds out fiscal spending, the positive impact of markets integration on employment is weakened. Moreover, in a context where national goods? demand becomes ?global?, the marginal benefit for each national fiscal authority of increasing public consumption is lower than the marginal benefit for the community. This result stresses one source of coordination failure within the EMU.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 497en_US
dc.subject.jelJ41en_US
dc.subject.jelF42en_US
dc.subject.jelF02en_US
dc.subject.jelE24en_US
dc.subject.ddc330en_US
dc.subject.keywordproduct market integrationen_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordcoordinationen_US
dc.subject.keywordequilibrium unemploymenten_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwEffizienzlohnen_US
dc.subject.stwUnvollkommener Wettbewerben_US
dc.subject.stwUngleichgewichtstheorieen_US
dc.subject.stwTheorieen_US
dc.titleEuropean Integration and Employment: A New Role for Active Fiscal Policies?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn34963310Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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